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In this week's episode of Powered by Nyame, our topic is magic and the magical world we have and perhaps ought to live in. The modern world is but one version of reality, an artificial one at that. In spite of its seductive allure, of gadgets, devices, and virtual everything, it lacks a soul and remains without a guiding spirit. Making better machines is no substitute for making better human beings. The magical world of the ancients still exist, if we are receptive to it and the human impossibilities it makes possible.
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Millions of tons of annual agricultural trade is now being conducted outside the US dollar, and within the new BRICS framework.
This represents a tectonic shift in global finance, as the dominant trading hubs of New York, Chicago, and London are replaced by a multipolar system of bilateral trades using national currencies and non-USD-denominated pricing and contracts.
The already huge volumes of trade in ag, energy, and raw materials are destroying price discovery in global markets. Decisionmakers and executives in Western companies are unable to see markets, nor can they know what parties are driving demand, nor which suppliers are emerging to meet that demand. Our senior-level business managers and planners are flying blind, and only after realizing giant losses we learn that we are now suppliers only of last resort: the BRICS countries and their allied countries across the world are producing and trading at prices far below our cost of production.
Resources and links:
Record U.S. Agricultural Trade Deficit Forecasted to Keep Growing
https://www.fb.org/market-inte....l/record-u-s-agricul
Why U.S. agricultural exports are down almost 20% from last year
https://www.marketplace.org/20....23/09/29/why-us-agri
Why is China canceling US wheat shipments?
https://www.dw.com/en/why-is-c....hina-canceling-us-wh
Bloomberg, China’s Waning Hunger for Grain Spells Trouble for World Market
https://www.bloomberg.com/news..../articles/2024-06-12
Visual Capitalist: visualizing the BRICS expansion in 4 charts
https://www.visualcapitalist.c....om/visualizing-the-b
Inside China Business, China wrecks wheat markets in US, Europe, and Australia. Should American farmers sell off land?
https://www.youtube.com/watch?v=ZtSXC6mdchM
CME Group futures markets for near-dated contracts
https://www.cmegroup.com/marke....ts/agriculture.html#
Futures heat map from
www.finviz.com / futures
Closing scene, Dalian, Liaoning province
Welcome to Powered by Nyame, the YouTube channel that takes spirituality, history, and cultural data seriously and offers fascinating and useful insights. This week we focus on disciplining a child(ren). We offer some guiding principles and provide a set of disciplinary tools for parents, based on the premise of knowing your child(ren). Stay well.
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